Even The Trolls Question The SAFE/BECU "Mega-Me"...

   

                     A $400 million sucker punch?

✅ In response to the "$400 Million And No Toaster?" post [link], even our troll community seems a bit perplexed about the BECU/SAFE "mega-me-me" merger! 

🧌🧌🧌  "Anonymous February 23, 2026 at 11:15 AM" 

*This isn't a good deal for SAFE members, but not for he reasons stated. Their capital isn't going away. BECU has basically flat-lined on deposit and asset growth in the last few years, and they're not very profitable, despite being focused on profit. Their high operational expense ("Opex") ratio is 3.43% and rising; SAFE is 3.13% and declining.  This is a scale and net income play for BECU. They'll have to hack expenses a lot get that horrible Opex down. And, their rates aren't great:

SAFE new auto, 5.19%,  BECU 5.49%
SAFE used auto, 5.29%, BECU, 5.79%
SAFE HELOC, 6.75%,   BECU HELOC, 6.99%
SAFE Personal loan, 9.04%, BECU 9.99% etc, etc..

SAFE 24 mo CD: 3%; BECU 2.23%
SAFE 12 and 18 CD: 2.55%; BECU 2.37% ...it goes on and on.*

😎 So, according to our troll-confirmed, NCUA financial data: BECU has higher operating costs, worse interest rates, and a slower growth rate than SAFE credit union!?!   

😎 But the CEOs are cooing otherwise... 

                    

                           [link-watch the CEO video]

  "The next step on our journey"... snugged, snowed, and snookered?

 

Credit Union Mergers: A Class Act, Burnishing Our Reputation...

    ... Pssst! 

It's All Really About The Members! Really, Trust Me.

✅ We've been taking a look at the credit union merger cash-grab blossoming nationwide [link - Godfather series].  Been using the SAFE/BECU  merger proposal as an example to demonstrate the questionable economics, the lack of full and fair member disclosures, and the less than inspiring due diligence, which seem to underlie many of these hook-ups.

Clear confirmation of the predatory self-aggrandizement underlying these - "better-for-the-members" - fictions is now on full display in Southern California! California Coast and San Diego County credit unions have gotten into a major, merger cat brawl - in court and under oath !

  Here are some "highlights":

✔ California Coast Credit Union and San Diego County Credit Union (SDCCU) announced merger last year that’s turned into a legal spat .

✔ As the integration began, SDCCU says it uncovered serious governance and compliance red flags

✔ Cal Coast CEO Todd Lane said “I am a dictator and I run a dictatorship” according to sworn statement by SDCCU Chief Risk Officer Carolyn Kissick. “It doesn’t matter what I say or what I think, he’s going to do what he wants to do.”

✔ SDCCU has proposed putting its CEO, Teresa Campbell at the helm and take a 9-2 board majority, which in turn led to lawsuit by Cal Coast attempting to force merger consummation

 😎 San Diego is literally stealing the show in California! If you want the raw truth about credit union "mega-me" mergers read it all right here:  [link - "Stay Classy"] 

  Our reputation on display and in play... me-me-meow-ch!